Fundamentals are going to control the DOW for the remainder of the week. With Friday’s Q2 GDP release looming, we may be in for choppy price action in the next 48 hours. Until Friday's GDP release, selling the first test of 25,500 is not a bad way to fade today’s breakout.
Here is the trade in the September E-mini DOW:
Entry: Short from 25491
Stop Loss: 25526
Profit Target: 25456
Risk Vs Reward Ratio: 1/1